44 billion dirhams, the market value of ADNOC Distribution at the end of September

ADNOC Distribution has become one of the most active stocks listed in the UAE financial markets despite its recent listing in the market, which reflected positively on the market value of the company, which reached the level of 44 billion dirhams by the end of last September, an increase of 12.75 billion dirhams and a growth of 40% compared to its value Marketplace upon listing in 2017.

The data released by the Abu Dhabi Securities Exchange shows that the large activity witnessed by ADNOC Distribution contributed to the increase in its price to 3.57 dirhams, an increase of 23.15% compared to 2.90 dirhams at the time of listing.

With the continuing positive performance of the company, both in terms of the profitability achieved and the attractive cash distributions it provides to shareholders, the investors' appetite for the company's shares continued, which raised the total value of the deals concluded during the first nine months of this year to 5.64 billion dirhams.

In light of this activity on the company's stock listed on the capital market, it now occupies the third place in the list of the most active companies' shares since the beginning of this year until the end of September.

The distinguished strategy that the company followed in distributing periodic profits to shareholders had an important role in increasing the activity on its shares, as it became part of a limited list of companies that give investors profits more than once during one year.

ADNOC Distribution announced, during its general assembly held last March, an amendment to the dividend distribution policy, as dividends of 2.57 billion dirhams are scheduled for 2021, in addition to a minimum dividend of 75% of the distributable profits, starting from 2022 onwards.

It is noteworthy that the company enjoys strong financial solvency as its liquidity amounted to 5.2 billion dirhams on June 30, 2020, including 2.4 billion in cash and its equivalents including fixed-term deposits, and it has 2.8 billion dirhams credit facilities not yet used. .

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